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Qualified Adoption Expenses
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Qualified Adoption Expenses
In U.S. tax law, the expenses eligible for the adoption credit, which is a direct dollar-for-dollar reduction in one's tax liability for each child under the age of 18 that a taxpayer adopts. Qualified adoption expenses include attorney's fees, court costs, and traveling expenses. It is important to note, however, that expenses incurred while adopting one's spouse's child are not qualified adoption expenses.


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Qualified Adoption Expenses It is important for individuals considering adoption or in the process of adoption to understand what expenses qualify for the credit.
[ILLUSTRATION OMITTED] ADOPTION EXPENSE CREDIT IRC [section] 23 provides a credit for qualified adoption expenses paid or incurred by a taxpayer.
Adoption Credit: Those who adopted in 2007 may be able to take a credit for qualified adoption expenses of up to $11,390 per child.
 
 
 
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